Daily Stock Market Report (Fri 28th November 2025) - SRB, MAB, QED, CFYN, ESYS

Good morning!
I'm hoping to catch up on some company news that slipped through the cracks over the last few days.

Companies Reporting
Name (Mkt Cap)RNSSummaryOur View (Author)Mitchells amp; Butlers (LON:MAB) (£1.53bn | SR83)Full Year ResultsSP +10.5%Strong trading ahead of the wider market, like-for-like sales +4.3%. Adj. operating profit +5.8% (£330m). Solid start to FY26, like-for-like sales +3.8%.AMBER (Graham) [no section below]No strong view on this one but I just want to flag that pre-tax profits are coming in at a very sturdy £238m (FY24: £300m), which is ahead of expectations. Impressive stuff and better than I would have assumed was possible in the bar and restaurant sector this year. Net debt has reduced to £843m, excluding leases, and the leases themselves are modest at £434m, in the context of MAB's overall size. Net assets are £2.8 billion, fully tangible.As for current trading, I note that like-for-like sales of 3.8% in the first 8 weeks of the year are slightly down compared to what was achieved last year, and are essentially tracking the inflation rate. With the Autumn Budget out of the way, and more certainty in the short-term, perhaps we can see...